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    200 Palmetto Park Rdcu1 Boca Raton, FL 33432-5623
    Property profile & analytics

    200 Palmetto Park Rdcu1, Boca Raton, FL 33432-5623

    View on Map
    • Retail space
    • 8,668 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US18-3858491
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nunzia Alvergue, One Sotheby's International Realty / Real Estate Agency
    • Niles D Justin / Law Firm
    • 530, LLC / Law Firm / Financial Advisor
    • Two Wheel Associates LLC / Law Firm
    • One Sotheby's International Realty / Real Estate Agency

    Property Details for 200 Palmetto Park Rdcu1

    Year built
    2009
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Property type
    Retail space
    APN
    06-43-47-29-63-000-0010
    APU
    6434729630000010

    Description

    This exceptional office property at 200 West Palmetto Park Road in Palm Beach County offers two available suites, ranging from 1,904 to 1,963 square feet. Located in a three-story, Class B building (21,424 square feet total), this space is ideal for businesses seeking a blend of modern amenities and convenient location. The building, constructed in 1982 and renovated in 2020, boasts a contemporary aesthetic with open floor plans featuring exposed ceilings. Each suite benefits from the building's impressive features, including 24-hour access, convenient bus line access, and prominent signage opportunities. Ample surface parking is available with 76 spaces provided. The building's strategic location ensures high visibility and benefits from heavy daytime traffic. The typical floor size is 7,141 square feet, and the unfinished ceiling height is a generous 10 feet. The property's multiple tenancy structure offers flexibility and a vibrant work environment. This is a rare opportunity to secure modern office space in a desirable Palm Beach County location. The building's modern buildouts provide a ready-to-occupy environment, minimizing upfront costs and maximizing efficiency. Banking services are also conveniently located nearby.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,445,000
      6.5%
      $2,255,000
      7%
      $2,095,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,198,000
      Market price range: $449k - $1.81M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,145,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.083
    Latitude
    26.3501
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,949
    $0.00
    $3,763,647
    $3,763,647
    -
    $0.00
    $3,763,647
    $3,763,647

    Comparable in this City

    • Value Estimation by Request
      1,803 SF

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      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $605,000
      2,254 SF

      1701 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      7,920 SF

      850 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      850 Dixie Hwy, Boca Raton, FL 33432-1836
      View Details
    • Value Estimation
      $2,320,000
      5,098 SF

      101 Palmetto Park Rd

      RETAIL STORES (PERSONAL SERVICES)
      101 Palmetto Park Rd, Boca Raton, FL 33432-4818
      View Details
    • Value Estimation
      $1,890,000
      8,520 SF

      200 Palmetto Park Rdcu3

      RETAIL STORES (PERSONAL SERVICES)
      200 Palmetto Park Rdcu3, Boca Raton, FL 33432-5623
      View Details
    • Value Estimation by Request
      2,120 SF

      250 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      250 Dixie Hwy, Boca Raton, FL 33432-3915
      View Details

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      1,750 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
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      Retail Space For Rent

      Retail space available for lease in Boca Raton, Florida.
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      850 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
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      Retail Space Near Starbucks

      Retail space available next to Starbucks with high visibility.
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      1,110 SF

      Retail Space in Boca Raton

      Retail space available for lease in Boca Raton, Florida.
      701-725 E Palmetto Park Rd, Boca Raton, FL 33432
      View Details
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    Boca Raton, FL 33432-5623
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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